Ethereum is now paving the way for sustainable altcoins after its recent upgrade. Ethereum’s blockchain has proven to be one of the most reliable platforms for building decentralised applications and smart contracts. This reputation has prompted numerous developers to leverage the Ethereum platform, crafting their own distinctive cryptocurrencies.
In Ethereum’s thriving altcoin ecosystem, two projects stand out: Chainlink, with its decentralised oracle network and Bitcoin Minetrix (BTCMTX), with its novel mining protocol. Both leverage Ethereum’s strengths, but which boasts stronger investor appeal for the future?
Ethereum Leading the Way for Environmentally Friendly Altcoins
Ethereum has become a go-to platform for various blockchain applications and smart contracts. Offering developers a robust toolkit, it serves as a versatile space for creating and launching diverse blockchain-based projects.
The Shanghai upgrade to version 2.0 on March 12, 2023, was the next phase for Ethereum. This upgrade not only made the network eco-friendly but also set it apart from other widely used cryptocurrencies that consume substantial energy for mining.
The latest iteration, Ethereum 2.0, is geared towards making the platform even more scalable, faster and environmentally sustainable.
Chainlink: A New-and-Improved Ethereum Platform?
Chainlink functions as a decentralised oracle network embedded within the Ethereum blockchain. Its main purpose is to facilitate connections between smart contracts and real-world data, bridging the gap to external APIs.
With a market capitalisation surpassing $8 billion, Chainlink has gained recognition in the cryptocurrency community, currently holding the 12th position on CoinMarketCap.
Known for its technological advancements, Chainlink plays a crucial role in supporting decentralised finance (DeFi) applications. By providing secure and reliable data feeds, the platform empowers developers to create DeFi applications without constraints from on-chain data sources. Additionally, Chainlink boasts an active community of developers dedicated to ongoing improvements and innovations on the platform.
Bitcoin Minetrix: A Community-centric Crypto with the Technical Power of Ethereum?
Bitcoin Minetrix is quickly gaining attention for its innovative “Stake-to-Mine” approach to Bitcoin (BTC) mining. Developed on the Ethereum blockchain, this project presents a user-friendly method for individuals to earn Bitcoin passively, eliminating the need for technical expertise.
The platform is tailored to make Bitcoin mining more accessible to a broader audience, removing the requirements for expensive hardware and specialised skills. By staking their BTCMTX tokens, users gain access to cloud computing resources, simplifying the entire mining process.
The project has built a solid reputation rooted in security and transparency. Through Ethereum-compatible wallets like MetaMask, users can easily acquire and stake BTCMTX tokens within the ecosystem.
The onboarding process involves buying tokens, opting for “buy-and-stake,” and collecting rewards in Bitcoin.
Bitcoin Minetrix’s native token, $BTCMTX, is based on the ERC-20 standard, within the Ethereum blockchain. With a total supply limit of 4 billion tokens, the project demonstrates a thoughtful distribution strategy, allocating portions to the presale, marketing activities, staking and community-related projects.
A major benefit of Bitcoin Minetrix is its ability to address typical challenges associated with Bitcoin mining, such as complexity and high entry costs. The token-based system offers a higher level of decentralisation and security compared to standard cloud mining services, reducing barriers for regular crypto enthusiasts.
When users stake their tokens, they not only receive “mining credits” for cloud mining power but also enjoy two streams of income: potential staking rewards of up to 87% annually and a share of the mining profits. This dual-revenue model is a significant draw for those interested in both mining and staking in the cryptocurrency space.
What Future Users of Web 3.0 Want for DeFi Currency
As the crypto market continues evolving, users seek sustainable and reliable DeFi currencies. Ethereum’s blockchain platform has proven to be one of the most reliable and eco-friendly platforms for building decentralised applications and smart contracts. Chainlink and Bitcoin Minetrix are two cryptocurrencies that have used Ethereum’s platform to create unique and reliable DeFi currencies.
Chainlink’s decentralised oracle network has proven to be a valuable asset for the DeFi ecosystem. Its secure and reliable data feeds allow developers to create DeFi applications not limited by on-chain data sources. Bitcoin Minetrix, on the other hand, offers a unique community-led approach that has proven to be popular among users.
In conclusion, Chainlink and Bitcoin Minetrix are two of the most promising Ethereum-based cryptocurrencies currently on the market. While Chainlink has an advantage in its focus on decentralisation, Bitcoin Minetrix’s unique features, such as its stake-to-mine feature and strong community governance, make it an attractive investment opportunity for those looking for the next big project.
For investors seeking dramatic growth, turning attention to presale tokens like Bitcoin Minetrix is a strategic move. The $BTCMTX token holds the promise of potentially soaring 50x – 100x, and with its final presale stage underway, early investors have a prime opportunity to get involved and potentially see significant profits in the coming weeks.
